08:46 AM EDT, 10/29/2025 (MT Newswires) -- Capital Power ( CPXWF ) reported lower net income in the third quarter, missing analysts' expectations, although the company still reaffirmed its 2025 guidance.

Capital Power ( CPXWF ) booked a net income of C$154 million, or $0.94 per share, falling from $179 million, or $1.32 per share, posted in the year-ago period.

The company's earnings per share also fell below the $1.02 EPS consensus forecast compiled by FactSet.

Revenue increased to $1.21 billion from $1.03 billion while electricity generation rose to 13,374 gigawatt hours from 11,001 GWh.

"Our third quarter results reflect the continued execution of our strategy to strengthen our U.S. platform and expand our contracted cash flows," president and chief executive officer Avik Dey said.

Capital Power ( CPXWF ) reaffirmed its revised guidance for 2025 despite updates to planned outages and delays on its Alberta projects. The company outlined an adjusted EBITDA target of $1.50 billion to $1.65 billion, adjusted funds from operations of $950 million to $1.1 billion, and sustaining capital expenditures of $215 million to $245 million.

Meanwhile, Sandra Haskins is retiring as Capital Power's ( CPXWF ) chief financial officer and senior vice president for finance on Dec. 31 after a 23-year tenure. Haskins will remain in an advisory capacity until the end of the first quarter of 2026.

Scott Manson, currently chief accounting officer and treasurer, will transition to interim SVP finance and CFO as the company searches for a permanent replacement.